Equities analysts expect Choice Hotels International Inc (NYSE:CHH) to report earnings per share (EPS) of $1.30 for the current quarter, Zacks reports. Five analysts have made estimates for Choice Hotels International’s earnings. The lowest EPS estimate is $1.28 and the highest is $1.34. Choice Hotels International reported earnings of $1.24 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 4.8%. The firm is scheduled to issue its next quarterly earnings report on Thursday, November 14th.
On average, analysts expect that Choice Hotels International will report full-year earnings of $4.24 per share for the current fiscal year, with EPS estimates ranging from $4.21 to $4.29. For the next fiscal year, analysts forecast that the company will report earnings of $4.42 per share, with EPS estimates ranging from $3.93 to $4.70. Zacks’ EPS calculations are an average based on a survey of research analysts that cover Choice Hotels International.
Choice Hotels International (NYSE:CHH) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $1.19 EPS for the quarter, topping the Zacks’ consensus estimate of $1.14 by $0.05. Choice Hotels International had a negative return on equity of 141.56% and a net margin of 20.13%. The company had revenue of $317.68 million for the quarter, compared to analysts’ expectations of $304.70 million. During the same quarter last year, the business earned $1.11 earnings per share. Choice Hotels International’s revenue was up 7.5% on a year-over-year basis.
A number of research analysts recently commented on CHH shares. Zacks Investment Research upgraded Choice Hotels International from a “hold” rating to a “buy” rating and set a $97.00 price target on the stock in a research report on Thursday, September 5th. JPMorgan Chase & Co. raised their price target on Choice Hotels International from $73.00 to $81.00 and gave the stock an “underweight” rating in a research report on Friday, September 6th. Wells Fargo & Co raised their price target on Choice Hotels International from $89.00 to $90.00 and gave the stock a “market perform” rating in a research report on Tuesday, August 13th. Robert W. Baird started coverage on Choice Hotels International in a research report on Thursday, August 22nd. They issued an “outperform” rating and a $97.00 price target on the stock. Finally, Barclays raised their price target on Choice Hotels International from $81.00 to $85.00 and gave the stock an “underweight” rating in a research report on Wednesday, August 14th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $86.31.
In other Choice Hotels International news, insider Robert J. Mcdowell sold 11,585 shares of Choice Hotels International stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $88.37, for a total value of $1,023,766.45. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 24.90% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in CHH. Invesco Ltd. grew its position in Choice Hotels International by 1,668.1% in the second quarter. Invesco Ltd. now owns 587,733 shares of the company’s stock valued at $51,138,000 after acquiring an additional 554,493 shares during the last quarter. Nuveen Asset Management LLC bought a new position in Choice Hotels International in the second quarter valued at about $16,723,000. State of Wisconsin Investment Board grew its position in Choice Hotels International by 99.6% in the first quarter. State of Wisconsin Investment Board now owns 317,864 shares of the company’s stock valued at $24,711,000 after acquiring an additional 158,600 shares during the last quarter. Morgan Stanley grew its position in Choice Hotels International by 204.3% in the second quarter. Morgan Stanley now owns 221,643 shares of the company’s stock valued at $19,286,000 after acquiring an additional 148,804 shares during the last quarter. Finally, Eaton Vance Management grew its position in Choice Hotels International by 174.2% in the second quarter. Eaton Vance Management now owns 201,790 shares of the company’s stock valued at $17,556,000 after acquiring an additional 128,188 shares during the last quarter. Hedge funds and other institutional investors own 60.32% of the company’s stock.
Shares of NYSE CHH opened at $93.27 on Tuesday. Choice Hotels International has a 52 week low of $66.71 and a 52 week high of $94.66. The stock has a market capitalization of $5.16 billion, a P/E ratio of 23.98, a PEG ratio of 2.24 and a beta of 0.95. The stock’s fifty day moving average is $89.00 and its 200 day moving average is $84.55.
Choice Hotels International Company Profile
Choice Hotels International, Inc, together with its subsidiaries, operates as a hotel franchisor worldwide. It operates through Hotel Franchising and Corporate & Other segments. The company franchises lodging properties under the brand names of Comfort Inn, Comfort Suites, Quality, Clarion, Clarion Pointe, Sleep Inn, Econo Lodge, Rodeway Inn, MainStay Suites, Suburban Extended Stay Hotel, WoodSpring Suites, Cambria Hotels, V8 Hotel Köln @Motorworld, Quality Hotel Ostrava, Hotel Aquarius Venice, and Ascend Hotel Collection.
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